Kirkland’s Inc. (NASDAQ:KIRK) – Equities research analysts at KeyCorp decreased their Q4 2017 EPS estimates for shares of Kirkland’s in a research note issued on Tuesday. KeyCorp analyst B. Thomas now forecasts that the brokerage will post earnings per share of $0.93 for the quarter, down from their prior forecast of $0.98. KeyCorp also issued estimates for Kirkland’s’ FY2018 earnings at $0.85 EPS.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05. Kirkland’s had a net margin of 2.22% and a return on equity of 10.93%. The firm earned $138.20 million during the quarter, compared to the consensus estimate of $137.50 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

KIRK has been the topic of a number of other reports. Sidoti lowered shares of Kirkland’s from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $21.00 to $13.00 in a research note on Tuesday, August 23rd. SunTrust Banks Inc. dropped their price objective on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Zacks Investment Research lowered shares of Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. Finally, B. Riley restated a “buy” rating and issued a $15.00 price objective on shares of Kirkland’s in a research note on Monday, August 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Kirkland’s presently has an average rating of “Buy” and an average price target of $17.60.

Kirkland’s (NASDAQ:KIRK) opened at 15.00 on Thursday. Kirkland’s has a 52-week low of $11.18 and a 52-week high of $18.19. The company’s 50 day moving average is $12.75 and its 200 day moving average is $13.67. The firm has a market cap of $238.35 million, a P/E ratio of 18.25 and a beta of 1.66.

In other news, Director Carl Kirkland sold 5,551 shares of Kirkland’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $12.69, for a total value of $70,442.19. Following the sale, the director now owns 860,583 shares of the company’s stock, valued at $10,920,798.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in KIRK. Penn Capital Management Co. Inc. increased its stake in Kirkland’s by 65.2% in the third quarter. Penn Capital Management Co. Inc. now owns 685,350 shares of the company’s stock worth $8,348,000 after buying an additional 270,411 shares in the last quarter. Emerald Acquisition Ltd. increased its stake in Kirkland’s by 440.3% in the third quarter. Emerald Acquisition Ltd. now owns 268,323 shares of the company’s stock worth $3,268,000 after buying an additional 218,664 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Kirkland’s by 17.5% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the company’s stock worth $15,179,000 after buying an additional 185,800 shares in the last quarter. Royce & Associates LP increased its stake in Kirkland’s by 37.2% in the second quarter. Royce & Associates LP now owns 638,715 shares of the company’s stock worth $9,376,000 after buying an additional 173,278 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Kirkland’s by 8.4% in the third quarter. BlackRock Fund Advisors now owns 1,065,027 shares of the company’s stock worth $12,972,000 after buying an additional 82,856 shares in the last quarter. 85.42% of the stock is currently owned by hedge funds and other institutional investors.

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About Kirkland’s

Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.